Hey everyone. I’m looking at purchasing my first property. I may have to purchase this with hard money. It will be a single family home or a 4 or less unit property. The hard money lender is requiring me to start ...
I have a perspective tenant who looks good on paper. He's already revealed a past bankruptcy and explained how it came about (his employer was located in the WTC and when it went down, the business folded. He tried ...
Portfolio Loans.....I am looking to learn more about them and some real life scenarios people have used. 1.) How does it work compared to a traditional 20% down loan that I have used on my other two properties.2.) Are...
This is a bit of a hypothetical, but I'm starting to think it's going to happen at some point. It's also a funny story. :)I'm currently in the middle of evicting one of my tenants, Nora Jerk. Nora is a single lady wit...
Hi everyone! I went to my local REI meeting tonight here in Bellingham, Washington, and was so incredibly moved and motivated by all of the people who are working so intently to make their dreams come true for themsel...
Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
Good afternoon,
I have a slightly unique investment opportunity and I am searching for lending. Please let me know if you have any solutions. The property that I am under contract for encompasses four houses across t...
Landlord denies application by saying one of the two adult applicants doesn't speak English well enough to enter into a legal contract. Landlord says translation is $500 and won't pay it and denies application. HUD ...
Hey guys I am a Landlord out of Metro Detroit area. I am wondering who has done the BRRRR method as an investor and what institutions are investor friends for multiple BRRRS. Should I check into local smaller banks he...
Hello BP!What has your experience been with allowing tenants to deposit their rent payments into your account at the bank? Has anyone experienced a time when the tenant made a withdrawl? Also, in terms of setting up A...